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What to Expect When Corning (GLW) Reports Third Quarter Results

NEW YORK (TheStreet) -- Corning (GLW - Get Report) shares closed Monday's trading session down 1.59% to $17.32 ahead of the company's third quarter fiscal 2015 earnings results due out on Tuesday before the market opens.

Both earnings and revenue are estimated to fall year-over-year.

For the latest quarter, analysts are expecting the company to earn 35 cents a share on revenue of $2.52 billion.

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In the same period the previous year, the company earned 40 cents a share on revenue of $2.65 billion.

One major headwind is currency, however, optical communications sales are projected to increase year-over-year, according to Zacks Equity Research.

Separately, TheStreet Ratings team rates CORNING INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

We rate CORNING INC (GLW) a BUY. This is driven by several positive factors, which we believe should...